About This Property
Development residential land rezoned for proposed multifamily project in West Kelowna at 2741 Auburn Road, adjacent to Constable Neil Bruce Middle School, in the Shannon Lake area. Close distance to shopping, transit, Mt. Boucherie Senior Secondary and minutes from West Kelowna’s Big Box Retail shopping. Large site is hillside and sloped with several benches suitable for new condo or rental, hybrid development. Proposed conceptual plan shows a condo-type development of 401 units in 5 buildings of 4 storeys each under the new CD10 zoning. Land area total of 30.89 acres, approx. 12 developable acres net site area, supported for multiple housing, the balance (18+ acres) designated for Parks and Natural Areas. Contact Robert Mistal for brochure, project plans, ESA, Geotech, development reports on file. (id:64973)
The $8.49 million price tag for this 30.89-acre parcel in West Kelowna's Shannon Lake area represents a premium of over $275 per square foot, significantly above the average land price in the city. However, the property's strategic location near schools, shopping, and transit, combined with its potential for a 401-unit multi-family development, could make it an attractive option for developers seeking to capitalize on the growing demand for housing in the region. This property is best suited for experienced real estate developers with the resources and expertise to navigate the complexities of large-scale, multi-family projects. The significant scale of the proposed development and the need for extensive planning and construction make this an opportunity primarily for seasoned industry players with deep pockets and a strong understanding of the local market.
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